What Are The Elements Of Marketing System, Also Explain Marketing System?


2 Answers

Muhammad Sohail Profile
Muhammad Sohail answered
A combination of resources working together to convert input into output is known as system. A system exists because designing to achieve one or more objectives; we came in contact with different systems in out daily life.
Transportation system
Telephone system
Accounting system
Production system
Information system etc.

Elements of System:

Basic elements of system are as follows.

1: Output:

The outcome of processing is called out put. The output may be good information. The output is of step to specify the nature, amount, regularity of needed and to operate the system.

2: Input:

The inputs are elements (Human resources, materials, information, money etc.) that inter the system for information.

3: Processor:

Processor id the element of the system that performs the actual search foundation of input into output. It is the operational components of the system; the processor may modify the input totally or partially according to the specification of output.

4: Control:

The control is that component, which guides the system. It is decision making sub system that controls the pattern of activity, governing, input, processing and output.

5: Feedback:

In dynamic system control is achieved by feedback. Feedback measures output against the standard after the output is compared against performance, standards changes can result in the output processing and consequently the output.
Sadia Batool Profile
Sadia Batool answered
In popular usage, "marketing" is the endorsement of products, particularly advertising and branding. His typology has become so generally documented that his four action sets, have passed into the verbal communication.

* manufactured goods: The manufactured goods aspects of advertising deal with the specifications of the actual good or service, and how it relates to the end-user's needs and wants. The scope of an item for utilization generally includes supporting elements such as warranties, guarantees, and carry.
* Pricing: This refers to the process of background a price for a product, including discounts. The price need not be fiscal - it can simply be what is exchanged for the product or tune-up, e.g. time, or mind.
* backing: This includes marketing, sales endorsement, publicity, and personal selling, and refers to the a variety of methods of promoting the creation, brand, or business.
* post or distribution refers to how the manufactured goods gets to the purchaser; for example, tip of sale post or transaction. Now and then been called Place, referring to the channel by which a manufactured goods or service is sold (e.g. online vs. retail), which geographic region or commerce, to which segment (young adults, families, business people), etc.

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